Canada sells Bitcoin, and America buys!#BTCfaces a strange contradiction: 🇨🇦 Canada is selling huge amounts, while 🇺🇸 the United States is buying via Bitcoin spot funds. ♂️
What is happening?
* Purpose Bitcoin ETF (Canada's largest Bitcoin fund) sold 5,000 BTC, reducing their holdings from 35.71K to 30.76K.
* As#BTCprices decline, purchasing of the digital currency becomes more concentrated in the United States.
Why?
*Canadians may be concerned about falling#BTCprices, and would rather sell now.
* US investors may be more confident in#BTCin the long term, and prefer to buy now.
what does that mean?
* It is difficult to determine the future direction of #BTC.
*We may see more price fluctuations.
advice:
*Do not invest more than you can afford to lose.
*Research information before investing.
* Invest for the long term.
do you have other questions?
6701620365#Bitcoin
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